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Apr 20, 2013
04/13
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and we'll interview caterpillar's ceo doug oberhelmin. now, we've been talking a lot about the downward movement in precious metals. we're continue tock on the lookout to see what people are doing when it comes to buying gold and silver. well, the largest coin show on the west coast kicks off today, and that's where we find jane wells, taking the pulse of the gold and silver bugs. >> very flashy, very nice. >> reporter: if you want to know how people feel about gold, don't look at the markets, look at the coin shows. >> on the entire floor, we're expecting business in the tens of millions of dollars. >> reporter: at the santa clara county show in the heart of silicon valley, thousands came to buy and sell, mostly buy. >> you see more buying. people interested in buying. >> why? >> they're taking advantage of the dips. >> reporter: kerry is buying. he is a wholesaler whose firm has been involved with big auctions, including one for a rare coin which sold for a record $10 million. what kind of coin is it? >> a 1794 silver dollar. >> for $10
and we'll interview caterpillar's ceo doug oberhelmin. now, we've been talking a lot about the downward movement in precious metals. we're continue tock on the lookout to see what people are doing when it comes to buying gold and silver. well, the largest coin show on the west coast kicks off today, and that's where we find jane wells, taking the pulse of the gold and silver bugs. >> very flashy, very nice. >> reporter: if you want to know how people feel about gold, don't look at...
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Apr 22, 2013
04/13
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caterpillar rallied but at the end of the day there is not much growth going on. >> howard, same question for you. any of these companies indicate which way we may see them go? >> i think we have seen some of the previews out of china already. sloppy. out of europe it's difficult but not impossible. maybe there is nobody being troubled. >> we will leave it there, men, thank you very much. coming up, my thoughts on the core issues facing apple. stay with us. [ male announcer ] there are people who find their own path. and never back down. who believe the american dream doesn't just happen, it's something you have to work for. ♪ we're for those kinds of people. because we're that kind of airline. and we never stop looking for a better way. it's how we've grown into america's largest domestic airline. we are southwest. welcome aboard. ♪ [ female announcer ] you're the boss of your life. in charge of long weekends and longer retirements. ♪ ask your financial professional how lincoln financial can help you take charge of your future. ♪ >> >> and finally my observation from what we migh
caterpillar rallied but at the end of the day there is not much growth going on. >> howard, same question for you. any of these companies indicate which way we may see them go? >> i think we have seen some of the previews out of china already. sloppy. out of europe it's difficult but not impossible. maybe there is nobody being troubled. >> we will leave it there, men, thank you very much. coming up, my thoughts on the core issues facing apple. stay with us. [ male announcer ]...
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Apr 22, 2013
04/13
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for "nightly business report" in washington. >> more details now on those caterpillar earnings, caterpillar reported a first quarter profit. and revenues came in below expectations, down 17% to $13.2 billion. now, both misses are blamed on a global slump in mining. caterpillar slashed earnings estimates for 2013 because of a slump in mining. when i talked with the ceo earlier today, i asked him about the key factors for the revisions in caterpillarers out look. >> we obviously adjusted our out look for 2013, and brought the top line down about $5 billion and it's done around our mining business that has slowed significantly and is continuing to slow. i do feel the mining business could be at or ar a floor. so i feel a little better about that and we just held our bottom line at about $7 a share. >> so, doug, tell us about the mining business is, how long is this slump going to last? is this a temporary rough patch? >> i do think the mining rough patch is temporary. but the definition of temporary is something that i cannot define. something that is interesting that we are watching closely,
for "nightly business report" in washington. >> more details now on those caterpillar earnings, caterpillar reported a first quarter profit. and revenues came in below expectations, down 17% to $13.2 billion. now, both misses are blamed on a global slump in mining. caterpillar slashed earnings estimates for 2013 because of a slump in mining. when i talked with the ceo earlier today, i asked him about the key factors for the revisions in caterpillarers out look. >> we...
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Apr 18, 2013
04/13
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yesterday was something similar on caterpillar. yesterday -- >> fedex, same time i liked u.p.s. there's -- kind of fedex maybe spent too much money on asia. if you shen too much money on asia you're not in good shape. i will come back, i will see you daniher and raise you cyprus senate. i will see you fedex and raise you sandisk. union pacific versus csx. there is an excuse issue. union pacific with a remarkable -- coal only down six. if you're involved with coal, you just got coal in your stocking. >> all right. but that's a stock picker's market you're describing. that's actually trying to discern which managements are doing a better job. >> yes with, as opposed to the futures dictating everything. we'll get to pepsico but it was a remarkable quarter. what can i tell you. versus -- coca-cola had a remarkable quarter, too. obviously consumer products have done very well. pepsico is not claiming raw costs going down because they're hedged. many companies could. buffalo wild wings. we don't talk about buffalo wild wings enough. it is kind of like tractor supply and ulta. buffalo
yesterday was something similar on caterpillar. yesterday -- >> fedex, same time i liked u.p.s. there's -- kind of fedex maybe spent too much money on asia. if you shen too much money on asia you're not in good shape. i will come back, i will see you daniher and raise you cyprus senate. i will see you fedex and raise you sandisk. union pacific versus csx. there is an excuse issue. union pacific with a remarkable -- coal only down six. if you're involved with coal, you just got coal in...
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Apr 19, 2013
04/13
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cummings engine, it's been a little weak of late, a machinery stock and caterpillar is -- >> the problem with both of those companies is china! they have too much china. got to wait until after they report and then we can take a look at them. no, no, no, roy in florida. roy. >> caller: boo-yah, jim. this is roy from miami, florida. my question today is about ala communications. >> they missed the quarter really bad and it's down so low -- i mean, they missed the quarter bad. and i can't recommend selling into. let's go to joe in michigan. joe?! >> caller: hi, jim, your opinion on the cloud computing area, specifically, salesforce.com. >> now with a split, i think the stock will calm down and i recommend it. i think mark bettyoff is best in show. i know the stock's been rocky and tech's been bad, but i think it's a good stock. let's go to david in ohio. david? >> caller: yes, hello, jim. >> david. >> caller: a big boo-yah to you. >> the same. >> caller: i love your show, watch it every night. >> thank you. >> caller: cpb, campbell's soup. >> they have it together, and we buy campbell soup
cummings engine, it's been a little weak of late, a machinery stock and caterpillar is -- >> the problem with both of those companies is china! they have too much china. got to wait until after they report and then we can take a look at them. no, no, no, roy in florida. roy. >> caller: boo-yah, jim. this is roy from miami, florida. my question today is about ala communications. >> they missed the quarter really bad and it's down so low -- i mean, they missed the quarter bad....
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Apr 22, 2013
04/13
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we're watching shares of ibm, general electric, caterpillar and microsoft. and did we see a mini flash move in google shares today? the stock took a big dip for a moment. we'll take a closer look at what happened and why. and the federal aviation administration hit with government spending cuts. how is this going to impact safety and the flying public? now back to scott and the "halftime" team. >> let's get another market flash with josh lipton on another big intraday mover. josh? >> have a look at biogen. it's going higher. analysts saying with sales of $700,000 in its second week, it's performing better. the growth likely reflective of the high awareness of physicians and patients. >> dr. "j," you've pointed out these moves earlier in the day, right? >> yeah. and in particular, biogen but also amgen and alon to a lesser extent. but biogen, that's that m.s. treatment. and the stock already turning over multiples of what a full session volume would be, option volume heavy as well. >> let's turn our attention back to the markets. mixed here in the u.s. dow tr
we're watching shares of ibm, general electric, caterpillar and microsoft. and did we see a mini flash move in google shares today? the stock took a big dip for a moment. we'll take a closer look at what happened and why. and the federal aviation administration hit with government spending cuts. how is this going to impact safety and the flying public? now back to scott and the "halftime" team. >> let's get another market flash with josh lipton on another big intraday mover....
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Apr 24, 2013
04/13
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or by caterpillar the day before which absolutely stunk up the joint with its earnings. but it simply wasn't so horrible that the stock could go down anymore. and instead of you turning bad news, it was down so long, it looked up to me. is this the beginning of apple's next big move up? not so fast. here's the good and bad news. there were three components to why apple fell so hard in these last few months. by the way, one of the worst -- top ten worst performers since the year began. the first had to do with an earnings progression that was one of the worst out there, with three missed quarters and a host of questions about slowing growth. tim cook, the ceo, made it abundantly clear that both growth and gross margins are slowing. obviously, that's disappointing. but when everyone is looking for a disappointment like with yum or caterpillar, you can do a lot of disappointing and still have your stock do a little bounce. and apple is doing that. second, apple seemed to spurn the social compact that so many companies have sought to develop with their shareholders, includin
or by caterpillar the day before which absolutely stunk up the joint with its earnings. but it simply wasn't so horrible that the stock could go down anymore. and instead of you turning bad news, it was down so long, it looked up to me. is this the beginning of apple's next big move up? not so fast. here's the good and bad news. there were three components to why apple fell so hard in these last few months. by the way, one of the worst -- top ten worst performers since the year began. the first...
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Apr 18, 2013
04/13
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can analysts cut the numbers fast enough there for freeport or caterpillar? the former makes copper which i now gather from the stock price isn't being used by anybody anywhere, not just pennies. then again, wait a second, they seem to be not using aluminum either, at least judging by the price of alcoa. it is all about the haves and the have nots, and all that's happened during this downturn is that the distance between the two has become wider and the gulf deeper. here's the bottom line. on days like today we just need to break out the list of the haves, the companies that can do no wrong to know what to buy, and the have nots to know what to sell. one day the have nots will get cheap enough to buy, but in the interim i'd rather swim in the love canal, bathe in sherwin williams paint, and drink spent fracking fluid than try to catch the bottom in the have nots. although as we all know, at some price they just might be right. arthur in indiana! arthur! >> caller: yes. jim, big fan. listen to you, and your advice, bought cabot oil and the price went up. money
can analysts cut the numbers fast enough there for freeport or caterpillar? the former makes copper which i now gather from the stock price isn't being used by anybody anywhere, not just pennies. then again, wait a second, they seem to be not using aluminum either, at least judging by the price of alcoa. it is all about the haves and the have nots, and all that's happened during this downturn is that the distance between the two has become wider and the gulf deeper. here's the bottom line. on...
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Apr 22, 2013
04/13
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ony there 3 billion shares changing hand on new york stock exchange, helping the day caterpillar up 3% forecasting growth in china. microsoft up 3.5% after value act capital took a $2 million take in the company, mixed date ona housing, existing home sales dropping 6/10 of a percent last month disappointing some. but median price surged 12% from a year ago, and commodity prices gold up almost 26-dollars an ounce, and crude oil up 75-cents, and yele on 1 10 -- yield on 10 year, 1.70%. >> airlines report modest flight delays today, first full day of furloughs for air traffic controllers because of sequester budget cuts on the faa . the worst delays on east coast, including new york's laguardia, one out of 5 tier oeveryfive flights before noon s delayed. congressional republicans say, bull. they charge obama administration is structuring cuts to make them as painful and obvious as possible. >> federal reserve chairman ben bernanke will not be at jac jacn hole sim this year. my next guest said that we're seeing a slowdown in the economy after a stock first quarter, joining us, wells fargo
ony there 3 billion shares changing hand on new york stock exchange, helping the day caterpillar up 3% forecasting growth in china. microsoft up 3.5% after value act capital took a $2 million take in the company, mixed date ona housing, existing home sales dropping 6/10 of a percent last month disappointing some. but median price surged 12% from a year ago, and commodity prices gold up almost 26-dollars an ounce, and crude oil up 75-cents, and yele on 1 10 -- yield on 10 year, 1.70%. >>...
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Apr 23, 2013
04/13
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morgan ups caterpillar today? >> this is a lowered expectations when it comes to caterpillar. it was a 12 multiple for you. i thought the sequester would make them miss and dupont, ag was great and coleman really delivered. she said there would be a lot of savings and my charitable trust had dupont and now they raised the dividend and you the good yield that people want so badly. to me, you're getting a sense of what this market upons. it has good yield and once dom effortic. look at target. target is up $is 1.50 from where it told you things were weak. how do you get that? >>. >> i don't know. >> how is coach up five? the shoes are obviously -- the consumer in the united states is feeling better. housing prices are upon. >> don't your instincts tell you this thing is starting to get played up? this theme and maybe i want to take a look like jeff said at microsoft. maybe i want to take a shot at the tech names that are beating things down and are cheap. >> how about the fact two analysts downgraded microsoft to a sell ahead of the quarter. >> >> that was obviously what i call
morgan ups caterpillar today? >> this is a lowered expectations when it comes to caterpillar. it was a 12 multiple for you. i thought the sequester would make them miss and dupont, ag was great and coleman really delivered. she said there would be a lot of savings and my charitable trust had dupont and now they raised the dividend and you the good yield that people want so badly. to me, you're getting a sense of what this market upons. it has good yield and once dom effortic. look at...
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Apr 16, 2013
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. >> caterpillar, uniquely involved in mining and that's moving up. i don't trust that. i don't trust that they have the quarter. >> gold corp, barrett gold are all victims of higher finding costs and less gold coming out and the market not that good. i also want to warn people that you have to be careful of the gold royalty trusts because you're a gold mine, you're not going to start a new mine right now. wow, you call your guys and say holy cow, where does it stop? david, you alluded to the etfs, the etfs did not act like -- they were driving gold and that's the tale. i didn't like that. >> watching that gld which is the largest by far was quite something yesterday. >> didn't you realize that all of those worries about the gld not being a real security when you go to the gold dealers? >> it did have that feeling which gets you wondering is there forced liquidation? >> let's not forget these are bought with leverage by certain funds and we don't have the answers right now. >> you even said this morning on twitter as someone who liquidating a client's position. >> i have
. >> caterpillar, uniquely involved in mining and that's moving up. i don't trust that. i don't trust that they have the quarter. >> gold corp, barrett gold are all victims of higher finding costs and less gold coming out and the market not that good. i also want to warn people that you have to be careful of the gold royalty trusts because you're a gold mine, you're not going to start a new mine right now. wow, you call your guys and say holy cow, where does it stop? david, you...
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Apr 23, 2013
04/13
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. >> you know there is one stock that stands a metaphor, caterpillar, we see themith disappointining results off 42 their earnings, because they are off in the mining sector, but they tell us about good news, just the ophip of what said in -- opposite of what you said in china in their outlook. >> caterpillar is a true global business, they have a lot of infrastructure, a lot of mining and lot of development in many of the asian economies, looking at u.s. companies as traditional as manage mcdonald's and coca-ca have earnings abroad. lou: do you care that ben bernanke is not going to jackson hole like the other fed chairman over last 25 years. >> it is a big deal, a surprise. just as you suggested. 25 years, usually chairman goes. but, you know in mist may be, i think -- estimation i think that chairman bernanke is making it easier for whoever the next person is, to step in and make some changes, i think lou, when you think about marketplace, the market is anticipating that 2014 will be a period of change in monetary policy. i think chairman bernanke perhaps avoiding august not makin
. >> you know there is one stock that stands a metaphor, caterpillar, we see themith disappointining results off 42 their earnings, because they are off in the mining sector, but they tell us about good news, just the ophip of what said in -- opposite of what you said in china in their outlook. >> caterpillar is a true global business, they have a lot of infrastructure, a lot of mining and lot of development in many of the asian economies, looking at u.s. companies as traditional as...
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Apr 23, 2013
04/13
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of course we had doug oberholman on caterpillar on yesterday. we're going to have to wait and see and dig in about what dupont is saying in china. >> he was interesting, though. he was talking about how they're actually, from his perspective, saying things seem to have stabilized in china. we'll see if ellen colman has the same to say. she'll be joining us to talk more about this. running through the details quickly. >> operating shares seem to be about 7% to 9%. a couple other things in here. q1 revenue webs $10.5 billion. okay. that's interesting because -- >> they're looking for full year -- i don't know if you guys have the earnings up. my machine is busted on this. but for the full year, they're looking for 385 to 405. can anybody tell me what they were expng f full year? >> i don't know what the full year is, but i just referenced agriculture the.that continues to be hot. the agriculture business was up 14% year over year. the weakness was in chemicals. that was expected. so chemicals down 17%. agriculture was up 14%. a lot of people don't
of course we had doug oberholman on caterpillar on yesterday. we're going to have to wait and see and dig in about what dupont is saying in china. >> he was interesting, though. he was talking about how they're actually, from his perspective, saying things seem to have stabilized in china. we'll see if ellen colman has the same to say. she'll be joining us to talk more about this. running through the details quickly. >> operating shares seem to be about 7% to 9%. a couple other...
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Apr 22, 2013
04/13
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i compare it to caterpillar situation. they missed their numbers and lowered revenue guidance and the stock is up. apple numbers are so beat up and if the numbers are not completely off the chart horrific they will beat. liz: mark, thank you very much. david: thank you, gentlemen. liz: mgm resort is betting big you want to spend as much time outside the casino as inside. the chairman and ceo telling us why he is doubling down on a large outdoor park on the vegas strip. david: sound like fun. turbulence ahead. meanwhile with the airlines, lines at the airport just got a lot longer as sequester cuts kick in. how bad is it going to get. is it worse, we're live at reagan international airport. we want to hear from you. senate allows states to impose sales tax on all online purchases. this is the biggie. this is the internet tax we heard about for so long. would this make you less likely to shop on the internet? log on to facebook.co facebook.com/afterthebell, tell us what you think. we'll read your answer as little later this
i compare it to caterpillar situation. they missed their numbers and lowered revenue guidance and the stock is up. apple numbers are so beat up and if the numbers are not completely off the chart horrific they will beat. liz: mark, thank you very much. david: thank you, gentlemen. liz: mgm resort is betting big you want to spend as much time outside the casino as inside. the chairman and ceo telling us why he is doubling down on a large outdoor park on the vegas strip. david: sound like fun....
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Apr 16, 2013
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i would rather be caterpillar than lennar in this market. the numbers released today, we had a 7% overall gain, right, of that, we had a 31% increase in multifamily and a 5% decrease in multi family. it made up 40% instead this time. >> if you look at that, i heard that a lot today. if you go back, the are statement on the single family homes was very high, running at very high levels, obviously, down 21% inventory, prices are running up 10%, you have birthrates up 2% and household formation is going up. how do you fight all that at the same time with one data point? >> it's not just one data point. if we look across the country at where housing starts were, they were decreasing in the northeast, we know they're increasing in the midwest and the south and small increase in the west. if we look at that and job numbers and the fact that from not only anecdotal evidence but also data points, we see we have record low interest rates and low inventory out there. and we know that consumers are waiting on the sidelines looking for a better price be
i would rather be caterpillar than lennar in this market. the numbers released today, we had a 7% overall gain, right, of that, we had a 31% increase in multifamily and a 5% decrease in multi family. it made up 40% instead this time. >> if you look at that, i heard that a lot today. if you go back, the are statement on the single family homes was very high, running at very high levels, obviously, down 21% inventory, prices are running up 10%, you have birthrates up 2% and household...
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Apr 22, 2013
04/13
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Apr 19, 2013
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tracy: caterpillar, is a good litmus test for the local economy. you are expecting a 40% drop for mining come purchases, from china in particular. >> what we'll see from caterpillar in line to slight beat for this quarter, but the forward projects that will hurt caterpillar could look for weakness and stock to move lower after earnings. tracy: i love that hasbro has -- we buy kids for our toys. >> mattel had an awesome quarter, and hasbro has partnered up with a jewelry company to do a lot of hasbro-themed jewelry, i don't know if i am buying barbie-themed jewelry, it is interesting, i would be a buyer, lightly. tracy: i got 30 seconds left, rest of earnings seen, you think a big disappointment but does market go up anyway? >> no, i think we continue to correct, rest of earnings season will look like what we've seen, revenue expectations and realization there is no top line growth will spook the markets. we evacuate from happened in -- evaliate what happens in europe. tracy: jared levy, thank you have a great weekend. adam: selling your kids? tracy
tracy: caterpillar, is a good litmus test for the local economy. you are expecting a 40% drop for mining come purchases, from china in particular. >> what we'll see from caterpillar in line to slight beat for this quarter, but the forward projects that will hurt caterpillar could look for weakness and stock to move lower after earnings. tracy: i love that hasbro has -- we buy kids for our toys. >> mattel had an awesome quarter, and hasbro has partnered up with a jewelry company to...
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Apr 21, 2013
04/13
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we are going to hear from apple, caterpillar, exxon, an unusually high number missed their estimates. we'll get a read on the gross domestic product for the first three months of the year. many analysts predict a sharp slowdown because of the millions in the federal spending cuts. and then how about a cool $2.5 million for a nickel. it is a rare liberty head nickel. it was mistakenly minted in 1913. it is expected to get at least that much at auction this week. it is one of only five known to exist. >>> well, that is a wrapup of this special sunday morning edition of "weekend with alex wit witt." up next "your business" with j.j. ramberg. more on the investigation into the boston marathon bombings coming up on "weekends with alex witt" from noon to 2:00 eastern. stay with us here on msnbc and enjoy your sunday morning. [ male announcer ] this is betsy. her long day of pick ups and drop offs begins with arthritis pain... and a choice. take up to 6 tylenol in a day or just 2 aleve for all day relief. all aboard. ♪ a body at rest tends to stay at rest... while a body in motion tends to
we are going to hear from apple, caterpillar, exxon, an unusually high number missed their estimates. we'll get a read on the gross domestic product for the first three months of the year. many analysts predict a sharp slowdown because of the millions in the federal spending cuts. and then how about a cool $2.5 million for a nickel. it is a rare liberty head nickel. it was mistakenly minted in 1913. it is expected to get at least that much at auction this week. it is one of only five known to...
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Apr 22, 2013
04/13
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. >>> apple, amazon, caterpillar, at&t, ford, starbucks, exxonmobil, just some of the companies scheduled to come out with earnings reports this week. more than 80 companies reported last week. 72% did better than analysts expected. stocks lost ground last week though despite closing higher on friday. the dow up 10. nasdaq up about 40. and the futures are up today. so that's good. >>> investors who held on to their boeing stock after the new 787 dreamliner was grounded are reaping the rewards now. the faa approved a fix for the battery system that kept dreamliner out of service for three months. boeing stocks surged 2% on friday up 19% from its low point this year. >>> and another major rating agency has stripped britain of its aaa credit score. fitch down gridded them one knowledge to aa-plus -- downgraded them one notch to aa- plus saying they can't get a handle on their debt. >>> the latest lundberg survey shows the california average for a gallon of regular gas dropped 9 cents over the past two weeks. it's now down to 3.90. the highest average surprise in san francisco at 3.96 a gallo
. >>> apple, amazon, caterpillar, at&t, ford, starbucks, exxonmobil, just some of the companies scheduled to come out with earnings reports this week. more than 80 companies reported last week. 72% did better than analysts expected. stocks lost ground last week though despite closing higher on friday. the dow up 10. nasdaq up about 40. and the futures are up today. so that's good. >>> investors who held on to their boeing stock after the new 787 dreamliner was grounded are...
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Apr 23, 2013
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but a big miss for caterpillars they fall short of estimates and the ceo talks about the health of the global economy. and cracked foundation, is the shortage of homes for sale creating a speed bump for the recovery. >>> good everyone, it was a strong earning report late in the day for netflix. >> our top story, earnings and the economy. and conflicts signals about the shape of the business landscape. first, netflix a stunning earnings report after the market closed boosting the stock by more than twenty-five % after hours. they are pulling in millions of sub viscribe subscribers, thanks to rolling out original movies. >>> by contrast, disappointing numbers from caterpillar. it issued a gloomy out look for the rest of the year, because of weak demand for the bull dozers, they are considered a bell weather for the global economy, so the investors pay attention when the company expects slow growth in 2013. and today, disare couraging numbers on housing. sales of existing homes fell in march. economists expected them to rise and a miss could be a sign that the housing recovery market is n
but a big miss for caterpillars they fall short of estimates and the ceo talks about the health of the global economy. and cracked foundation, is the shortage of homes for sale creating a speed bump for the recovery. >>> good everyone, it was a strong earning report late in the day for netflix. >> our top story, earnings and the economy. and conflicts signals about the shape of the business landscape. first, netflix a stunning earnings report after the market closed boosting the...
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Apr 22, 2013
04/13
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KRON
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kind of disappointed with caterpillar, they lowered their forecast. >> they have missed revenue and missed earnings. that is why their stock is down 20%. they're going to have to do a bigger buyback. this is the worst kept secret for the second quarter. expect more of that this week. 30 percent of s&p 500 companies report and everyone will be talking about apple. >> de think tim cook is in trouble as ceo? >> it depends on what side of that trade you are on. apple's tim cook and the hot seat, maybe not. according to forbes this week took a job is in trouble. the iphone five will not be out this summer, maybe this fall. there are theories and rumors that fingerprints will be a big part of the foam. >> watching a net flicks, they are four and a half percent in early trading. >> they don't really care, they want to turn a profit. it is a pretty saturated plate.right now. we are watching more tv and with netflix time we are catching up with seasons. netflix is a great story. >> is the eighth issue when? is it too soon to tell? >> the delivery mechanism as key. you have to pay a premium dollar f
kind of disappointed with caterpillar, they lowered their forecast. >> they have missed revenue and missed earnings. that is why their stock is down 20%. they're going to have to do a bigger buyback. this is the worst kept secret for the second quarter. expect more of that this week. 30 percent of s&p 500 companies report and everyone will be talking about apple. >> de think tim cook is in trouble as ceo? >> it depends on what side of that trade you are on. apple's tim...
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Apr 22, 2013
04/13
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FBC
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microsoft and caterpillar leading the dow. we will be back right after this. ♪ . .. [ tires screech ] [ beeping ] ♪ [ male announcer ] we don't just certify our pre-owned vehicles. we inspect, analyze and recondition each one, until it's nothing short of a genuine certified pre-owned... mercedes-benz for theext new owner. ♪ hurry in to your authorized mercedes-benz dealer for 1.99% financing during our certified pre-owned sales event through april 30th. melissa: time for stocks now. as we do every 15 minutes. let's head to the floor of new york stock exchange. our own nicole petallides who has some heavy hitters on the dow for us. nicole? >> you are not kidding, melissa. let's look at names we're taking a look at. luckily for us they're all on the same post. we'll start off with general electric which you see is down 2.25. next to it is caterpillar up 2 1/2%. coming out with numbers for the quarter. i definitely want to focus on caterpillar. their profit fell, but it is interesting and they trimmed full-year guidance but
microsoft and caterpillar leading the dow. we will be back right after this. ♪ . .. [ tires screech ] [ beeping ] ♪ [ male announcer ] we don't just certify our pre-owned vehicles. we inspect, analyze and recondition each one, until it's nothing short of a genuine certified pre-owned... mercedes-benz for theext new owner. ♪ hurry in to your authorized mercedes-benz dealer for 1.99% financing during our certified pre-owned sales event through april 30th. melissa: time for stocks now. as we...
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Apr 22, 2013
04/13
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KTVU
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. >>> caterpillar reported first- quarter earnings. the revenue that fell short of the expectations. taking a live look at the big board, the dow is down 75. the nasdaq down 2. s&p down 4. >>> sales of previously-owned homes also dipped last month. the national association of realtors said sales fell 6% mostly because of a limited supply of available homes. but other signs point to sub stagetly more sales in the long- term. the average price did, 184,000. up 12% from march of last year. it's the largest year to year growth since 2005. >>> for the first time in eight years, the five most valuable companies in the world are all based in the united states. exxonmobil topped the list followed by apple, google, berkshire and walmart. last year, three chinese companies were in the top five and for the first time in three years, no company in the world is worth $400 billion. >>> gas prices continue to slip across the country and here in the bay area. analysts say they could be lower by the memorial holiday weekend. san francisco averages $4.0
. >>> caterpillar reported first- quarter earnings. the revenue that fell short of the expectations. taking a live look at the big board, the dow is down 75. the nasdaq down 2. s&p down 4. >>> sales of previously-owned homes also dipped last month. the national association of realtors said sales fell 6% mostly because of a limited supply of available homes. but other signs point to sub stagetly more sales in the long- term. the average price did, 184,000. up 12% from march...
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Apr 23, 2013
04/13
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CNBC
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this week, i think it's interesting,s with something like caterpillar, where you've had the cyclical part of the markets correcting under the surface of the indexes, and basically people say, okay, it was all priced in. i'm not predicting that's exactly what we're going to see with apple, but it seems like this week is a little bit of a mirror image of last week, where basically expectations are low enough in general that we get a little bit of a pop, more than not. >> let me get to julia boorstin real quick. i want to get some headlines on this at&t report, which is just coming out. and of course, the revenue looks light and the stock is trading down, julia. what can you tell us about the report? >> that's right, maria. even though earnings per share was right in line with expectations, secluding one-time items, revenue did come in light. looking at some of the other data points, wireline consumer revenue growth was 2% and u versus revenues was up 35.2%. there are 1.2 million new smartphone subscribers, but there is, of course, the question about churn. there was post-paid churn, it
this week, i think it's interesting,s with something like caterpillar, where you've had the cyclical part of the markets correcting under the surface of the indexes, and basically people say, okay, it was all priced in. i'm not predicting that's exactly what we're going to see with apple, but it seems like this week is a little bit of a mirror image of last week, where basically expectations are low enough in general that we get a little bit of a pop, more than not. >> let me get to julia...
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Apr 17, 2013
04/13
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CNBC
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speaking of the industrials, caterpillar lowering the price from 75 to 95 and from neutral to outperform on concerns about weakness in china. jim, they're calling it a multi-year decline in mining capex, and i'm not sure how that's new. >> this is what happened in 2008 and 2009 and you have credit problems for tat. 8.10 goes to 7.40. is it 12 times earnings and when earnings are coming down, multiples are very slippery things. i think the stock has found footing before 79 and 80. carl, i know you are the man of being able to figure out the calendar. tuesday is keeping its very good performance. >> yes. that was 14 consecutive tuesdays. who knows why? people like to make fun of it. they call it useless numerology. >> when the moon is in the seventh house and it's tuesday. i will point out that the reaction yesterday really gathered steam during the day, and i think the idea that the futures must always key off of europe, they were down at 415. it was nonsense. yes, europe is bad and the car sales are horrendous. if you're ford you have to deal with down 15% over there. look, is bank of am
speaking of the industrials, caterpillar lowering the price from 75 to 95 and from neutral to outperform on concerns about weakness in china. jim, they're calling it a multi-year decline in mining capex, and i'm not sure how that's new. >> this is what happened in 2008 and 2009 and you have credit problems for tat. 8.10 goes to 7.40. is it 12 times earnings and when earnings are coming down, multiples are very slippery things. i think the stock has found footing before 79 and 80. carl, i...
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Apr 22, 2013
04/13
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CNBC
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importantly this morning, we'll watch for caterpillar, halliburton, netflix and texas instruments after the bell. u.s. fourchs are pointed higher about 62 points at the open. similar gains on the nasdaq ask s&p. is this undoing some of the damage wrought last week? let's talk to michael gurka. we've seen stocks sell off. the beginning of a more prolonged period of softness, do you think? >> well, you know, we're still seeing a rather healthy stock market and for all the right reasons i believe earningswise we're going to continue to look for that bid. i am not a big proopponent of that mafs draw down in the stock market and maybe an entrenchment back higher. i think the pace will be continuously sloped upwards, though, maybe abruptly once in a while. a sell-off, but still a healthy market. as you can expect here in chicago, what we're watching closely is not what we saw in the commodities market last week, but more importantly, it's one of the fundamental reasons of why we're starting to see copper break down here. there's no better market in the world than the stock market. particularl
importantly this morning, we'll watch for caterpillar, halliburton, netflix and texas instruments after the bell. u.s. fourchs are pointed higher about 62 points at the open. similar gains on the nasdaq ask s&p. is this undoing some of the damage wrought last week? let's talk to michael gurka. we've seen stocks sell off. the beginning of a more prolonged period of softness, do you think? >> well, you know, we're still seeing a rather healthy stock market and for all the right reasons...
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Apr 22, 2013
04/13
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CNBC
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caterpillar, which we got out this morning. and a decline in home sales. jonlsen and johnson shares hitting an all-time high. we'll talk to ceo alex gorsky from j & j exclusively laying out his strategy for the health care giant. >>> meantime, shares of netflix, big gains. about 7%. ti is also higher. both will be reporting earnings after the bell tonight. they are due out about an hour from now. we'll have full team coverage of the numbers and the full analysis coming your way. >>> take a look at the markets as we approach all of that. dow jones industrial on the highs of the day. big victory given the fact we had been negative for much of the day. nasdaq composite also turning from the lows. that, too, at the high of the day with a gain of 30 points. now technology the leadership on the upside. s&p 500 up 8.25 points. one-half of 1%. what is driving this market today, bob pisani, in the middle of all the action right now? >> folks, we were down 80 points as you saw from the dow industrials interday. we've come up 100, 105 points. still not a lot of direc
caterpillar, which we got out this morning. and a decline in home sales. jonlsen and johnson shares hitting an all-time high. we'll talk to ceo alex gorsky from j & j exclusively laying out his strategy for the health care giant. >>> meantime, shares of netflix, big gains. about 7%. ti is also higher. both will be reporting earnings after the bell tonight. they are due out about an hour from now. we'll have full team coverage of the numbers and the full analysis coming your way....
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Apr 22, 2013
04/13
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FBC
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caterpillar came out with their numbers. six flags and hasbro doing well and existing home sales came in. we've seen home builders under pressure. back to you. cheryl: thank you very much. despite executives getting more positive on the economy, ernst young reporting that businesses are still skittish with only 29% of companies expected to do a deal this year. i'm curious what you think of this new survey. do you think this is a lack of confidence for m. & a? do you think that's a warning that the shyness is coming off the market? >> i think it's a lack of confidence in part because there was a massive credit dislocation four years ago. so now we're at this building stage where you have to have a very slow pickup of the u.s. economy and in part, then also capital spending has to fill in so major corporations have to start using a lot of the money that's on their balance street. now, in regards to the mergers and acquisitions front, they have very cheap financing at this point and you should see a pickup of demand in regard t
caterpillar came out with their numbers. six flags and hasbro doing well and existing home sales came in. we've seen home builders under pressure. back to you. cheryl: thank you very much. despite executives getting more positive on the economy, ernst young reporting that businesses are still skittish with only 29% of companies expected to do a deal this year. i'm curious what you think of this new survey. do you think this is a lack of confidence for m. & a? do you think that's a warning...
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Apr 22, 2013
04/13
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KRON
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quarterly w earnings from caterpillar. we will watch to see what happens with net flicks there are posting their quarterly earnings after the closing bell. most analysts think they will report a profit after losses last year. 527 . many businesses are finding a new proposal by california that would require companies to show consumers the personal information they have collected from them and how it is being used. in a letter to lawmakers 50 companies said the bill would open up and avalanche of inquiries. >> time for a break at 527. of inquiries. >> time for a break at 527. th of inquiries. >> time for a break at 527. th yeah, kfc! original recipe. original recipe? dad, i think you ate the bones. i did what? you ate the bones! i ate the bones? i ate the bones! i ate the bones! [ male announcer ] kfc original recipe, now available without the bone. freshly prepared white or dark meat chicken, boneless and skinless. get 4 delicious, mouth-watering pieces in your next 10 piece mixed bucket for $14.99. today tastes so good. i'
quarterly w earnings from caterpillar. we will watch to see what happens with net flicks there are posting their quarterly earnings after the closing bell. most analysts think they will report a profit after losses last year. 527 . many businesses are finding a new proposal by california that would require companies to show consumers the personal information they have collected from them and how it is being used. in a letter to lawmakers 50 companies said the bill would open up and avalanche of...
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Apr 24, 2013
04/13
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CNBC
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what would make you want to take a flier onto caterpillar when it's as easy to go into heinz? >> that's so unusual that you would say that when the market is running like this. and there's a lot of -- the search for yield is certainly there. there's certainly more safety in hienz. but i don't think when i look out over the next year or two years to this those will be the outperformers. these rates are not going to move up much. but the global recovery is going to pick up a little steam going into 2014. our economy is going to be better this year. so i think this is where to be from here on out. >> finally, scott, i wonder -- you know, we haven't come up with a name for it yet. whatever happened yesterday. the 1% drop in the middle of the day because of a hacked tweet. are clients responding to that? do you think there will be a hesitance to get into the market? >> i started on the floor at the exchange in 1980. so over 30 plus years i can't tell you how many times headlines have come out on whatever news service and st tok market reacts violently like that. you can't avoid it.
what would make you want to take a flier onto caterpillar when it's as easy to go into heinz? >> that's so unusual that you would say that when the market is running like this. and there's a lot of -- the search for yield is certainly there. there's certainly more safety in hienz. but i don't think when i look out over the next year or two years to this those will be the outperformers. these rates are not going to move up much. but the global recovery is going to pick up a little steam...
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Apr 22, 2013
04/13
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KRON
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earnings from caterpillar coming out this morning. we also had a drop in existing home sales for the month of march. the main reason was very low inventory. there are few homes that are for sale. >> many businesses are fighting a new proposal like california that would require companies to show consumer to a personal impression they have collected about you and how is being used. in a letter lawmakers said the company said that bill would open up an avalanche of inquiries. >> a plastic bag ban goes into effect today and a dozen cities in san mateo county. retail grocers stores lotus provides shoppers with plastic bags. paperbacks will cost 10¢ and after january 1, 2015, the cause lies with quarter. the city's join in a banner listed on your screen. some of the cities include bowling game, daly city, for toll valley and menlo park. the bad ban will take effect in the city of san mateo on june 6th, followed by san carlos july 1st, redwood city october 1st and east palo alto on october 2nd. shoppers are courage to bring real lesson shop
earnings from caterpillar coming out this morning. we also had a drop in existing home sales for the month of march. the main reason was very low inventory. there are few homes that are for sale. >> many businesses are fighting a new proposal like california that would require companies to show consumer to a personal impression they have collected about you and how is being used. in a letter lawmakers said the company said that bill would open up an avalanche of inquiries. >> a...